The Socio-Economic Impact of COVID-19 on Households


The Socio-Economic Impact of COVID-19 on Households

The presence of the COVID-19 pandemic has brought changes to the world with various challenges that were never imagined before. In Indonesia, COVID-19 has infected more than 1.3 million people since the first case was announced in March 2020, at least 35,000 people have died. However, efforts to prevent the spread of the COVID-19 virus have hampered economic activity and the impact on the level of social welfare is increasingly felt by the community. After showing the achievement of reducing poverty in recent years, the poverty rate has increased again after the COVID-19 pandemic. One in 10 people in Indonesia today live below the national poverty line. Child poverty rates can also increase significantly.The negative impact on the socio-economic situation of the pandemic could be much worse without any social assistance from the government.


In the face of this economic crisis, the Government of Indonesia has issued a number of large-scale fiscal stimulus packages through the National Economic Recovery Program (PEN). In terms of the amount of government budget that is intended to reduce the negative impact of the COVID-19 pandemic, Indonesia is ranked in the top five of countries in the Asia Pacific region (ADB, 2021). In 2020, the Government of Indonesia will allocate around Rp. 695.2 trillion (approximately US$ 49 billion) for PEN. Since the crisis is still ongoing, in February 2021 the Government of Indonesia again announced a budget allocation of IDR 699.43 trillion (approximately US$ 49.3 billion) to continue the sustainability of the PEN program (Ministry of Finance, 2021).


Indonesia continues to make a number of improvement efforts in strengthening its various social protection programs to deal with the crisis after the COVID-19 pandemic. These social protection programs have been extended to protect the poor against economic shocks, as well as the lower middle income community whose numbers continue to increase but become vulnerable to the risk of falling into poverty later in life. In addition, small businesses also receive government assistance in line with their efforts to continue to survive amidst the economic downturn and restrictions on community activities after the COVID-19 pandemic.

The impact of the COVID-19 pandemic will continue to be felt by various levels of society during 2021. Nevertheless, the response needs to be continued to improve the welfare of children and families. Development partners in Indonesia stand ready to assist in this effort.• 

Komentar

Posting Komentar

Postingan populer dari blog ini

DIRESTUI SUSUHUNAN PAKU BUWONO XIII, REVITALISASI KARATON ALIT PESANGGRAHAN LANGENHARJO DIKOORDINASIKAN DENGAN BPCB JAWA TENGAH

Gambar
Direstui Susuhunan Paku Buwono XIII, Revitalisasi Pesanggrahan Langenharjo Dikoordinasikan Dengan BPCB Jawa Tengah Prambanan, NotTalkOnly- Pesanggrahan Langenharjo terletak di lokasi yang menarik dan penting (mirunggan); ada umbul air hangat belerang, di sisi sungai Bengawan Solo, serta diputuskan oleh Sinuhun PB IX. Lokasi, bangunan dan situsnya sangat penting. Bermakna memperkenalkan kultural ekonomi (perdagangan) dan sosial. Sifatnya yang merupakan kawasan, maka kajian perlu menyeluruh secara lanskap. Kerusakan-kerusakan yang ada di antaranya dinding terkelupas. Studi yang difokus adalah rekonstruksi, yakni memperbaiki bagian-bagian yang rusak.   Hal tersebut dikemukakan oleh Konsultan Ahli Balai Pelestarian Cagar Budaya (BPCB) Jawa Tengah, Refi, dalam rapat persiapan teknis revitalisasi bersama PT Elshaddai Mulia Agape Sehati, Jum'at (18/9/2020). Kemudian dari direksi PT Elshaddai, Miko Yulianto mengungkapkan jadwal (schedule) pekerjaan diawali d...
Baca selengkapnya

The Director General of the Ministry of Trade who became a suspect in the cooking oil case

Gambar
The Attorney General's Office has named the Director General of Foreign Trade of the Ministry of Trade (Kemendag) with the initials IWW as a suspect in a case of alleged corruption in the provision of Crude Palm Oil (CPO) export facilities. He was set up with three other private companies. " We suspect 4 echelon 1 officials at the Ministry of Trade with the initials IWW, the director general of foreign trade at the Ministry of Trade has illegally issued export approvals related to CPO and its derivative products," said Attorney General ST Burhanuddin, Tuesday (19/4/2022). From the investigation, the Director General of Foreign Trade is held by Indrasari Wisnu Wardhana. It is noted that Indrasari Wisnu Wardhana has an office at Jalan MI Ridwan Rais, Central Jakarta, Main Building of the Ministry of Trade, 9th Floor. Also found that Indrasari Wisnu Wardhana also served as Acting Head of CoFTRA, the Ministry of Trade. Indrasari as Acting Head of CoFTRA is in char...
Baca selengkapnya